Articles from www.bloomberg.com

Articles from www.bloomberg.com

US prosecutors charge two men with operating Empire Market, a dark web marketplace for illicit goods and services that did $430M+ in sales between 2018 and 2020 (www.bloomberg.com)
2024-6-15 Darknet

Gemini will return ~$50M of digital assets to investors who were locked out of their accounts when Gemini Earn collapsed, to settle a lawsuit by New York's AG (www.bloomberg.com)
2024-6-15 Asset New York

The crypto industry has amassed a $160M war chest to bolster pro-crypto US candidates, which could be pivotal in handing the Senate majority to GOP in November (www.bloomberg.com)
2024-6-14 Republican Senate

Tempus, which uses AI to process medical data, raised $410.7M after pricing its IPO at $37 a share, the top of a marketed range, giving it a $6.1B market value (www.bloomberg.com)
2024-6-14 IPO AI

Paradigm says it raised $850M for its third fund, which will focus on early-stage crypto projects; it previously launched a $2.5B crypto fund in November 2021 (www.bloomberg.com)
2024-6-14

Snowflake plans to close an internal probe into recent cyberattacks after not detecting any unauthorized access into customer accounts since early last week (www.bloomberg.com)
2024-6-14

The Pentagon renews a contract with SpaceX to provide Starlink internet services in Ukraine until November 30 at a cost of $14.1M (www.bloomberg.com)
2024-6-14 Ukraine Pentagon SpaceX

Ant Group spent a record ~$2.9B on research in 2023, as the Alibaba affiliate develops its BaiLing LLM; Ant and affiliate MYbank served 87M businesses by 2023 (www.bloomberg.com)
2024-6-13 Alibaba

Sources: Apple isn't paying OpenAI as part of their partnership and aims to eventually make money from AI by striking revenue-sharing deals with chatbot owners (www.bloomberg.com)
2024-6-13 AI Apple chatbot

Terraform Labs and co-founder Do Kwon agree to pay $4.47B to resolve a US SEC lawsuit, after a jury in April found them liable for fraud following a civil trial (www.bloomberg.com)
2024-6-13

Databricks launches AI/BI, a visualization tool to let users type questions about their data to build charts and graphs, competing with Microsoft and Salesforce (www.bloomberg.com)
2024-6-13 Microsoft AI Salesforce

GameStop raised ~$2.14B from a share sale program capitalizing on a stock rally fueled by Keith Gill's YouTube return, selling 75M shares for ~$28.49 on average (www.bloomberg.com)
2024-6-12 YouTube

Filings: Michael Dell plans to sell 10M Dell shares worth $1.3B, after selling $1.6B in shares earlier in 2024; Dell sold $1.7B in 1999 before the bubble burst (www.bloomberg.com)
2024-6-12

German startup Black Semiconductor raised €254M, comprising €229M in public grants and €26M in equity, to build chips using graphene for mass production in 2031 (www.bloomberg.com)
2024-6-12 Germany Startup Equity

Rubrik reports Q1 revenue up 38% YoY to $187.3M, above $171.5M est., and ARR up 46% YoY to $856.1M, in the cybersecurity company's inaugural post-IPO earnings (www.bloomberg.com)
2024-6-12 IPO

“Tap-to-earn” games like Hamster Kombat, a mini-app with more than 31M followers on Telegram, could become the defining trend of the current crypto bull market (www.bloomberg.com)
2024-6-12

Sources: Samsung is combining its AI-focused research centers in Toronto and Mountain View to improve operations; ex-Apple exec Murat Akbacak will run the group (www.bloomberg.com)
2024-6-12 Samsung AI Apple Toronto

Apple shares closed up 7.3% at $207.15 in their biggest one-day jump since November 2022, giving the company a $3.18T market cap, just under Microsoft's $3.22T (www.bloomberg.com)
2024-6-12 Microsoft Apple

Sources: Intel plans a “temporary” construction delay on its $25B plant in Israel, as the company works to pace its investments in factories planned globally (www.bloomberg.com)
2024-6-12 Israel Intel

AlphaSense, which offers AI-powered market research services, raised $650M at a $4B valuation and agrees to buy data provider Tegus for $930M (www.bloomberg.com)
2024-6-12 AI

Tether's investment arm says it aims to invest $1B+ in financial infrastructure, AI, and biotech over the next year, after spending ~$2B over the past two years (www.bloomberg.com)
2024-6-12 AI Biotech

Cyberhaven, which uses AI to help companies predict employee behavior and avoid insider threats, raised $88M led by Adams Street Partners at a $488M valuation (www.bloomberg.com)
2024-6-11 AI

Apple's AI features are quintessentially Apple and probably take the right approach, but many won't launch until 2025; new Siri is missing from the iOS 18 beta (www.bloomberg.com)
2024-6-11 IOS AI Apple

Sources: Spotify plans to launch a higher-priced premium monthly plan later in 2024, charging $5+ more for better audio, playlist and library tools, and more (www.bloomberg.com)
2024-6-11 Spotify

UAE-based Tenderd, which uses AI to help reduce emissions, raised $30M led by Danish firm A.P. Moller, following a Peter Thiel-backed $5.8M seed in 2019 (www.bloomberg.com)
2024-6-11 AI

Apple's OpenAI partnership took up just two minutes of its one hour and 45 minute WWDC keynote, as the company focused on its own Apple Intelligence products (www.bloomberg.com)
2024-6-11 Apple Intelligence

Atos chose a group led by Onepoint, its top shareholder, to take over the IT company; the group will invest €250M and convert €2.9B of Atos' debt into shares (www.bloomberg.com)
2024-6-11

A CA administrative judge rejects Tesla's appeal to dismiss claims by California's DMV alleging the company overstated its vehicles' self-driving capabilities (www.bloomberg.com)
2024-6-11 Tesla California

OpenAI hires Sarah Friar, the former CFO of Nextdoor, as its first CFO, and former Instagram and Twitter product chief Kevin Weil as its chief product officer (www.bloomberg.com)
2024-6-11 Instagram Twitter

SCOTUS declines to question the FCC's $8B annual subsidy to help cover telecom costs for poor people and residents of rural area, turning away two appeals (www.bloomberg.com)
2024-6-11

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